With 1.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.09 million shares. The 52-week range on ARES shows that it touched its highest point at $200.49 and its lowest point at $110.63 during that stretch. It currently has a 1-year price target of $177.33. With its current market cap of 55.52 billion, ARES has annualized dividend of $3.91 while the current yield stands at 2.30%. Beta for the stock currently stands at 1.39.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ARES was up-trending over the past week, with a rise of 3.09%, but this was up by 6.49% over a month. Three-month performance surged to 10.84% while six-month performance fell -2.28%. The stock gained 23.00% in the past year, while it has lost -3.98% so far this year. A look at the trailing 12-month EPS for ARES yields 1.73 with Next year EPS estimates of 6.50. For the next quarter, that number is 1.14. This implies an EPS growth rate of 29.98% for this year and 25.86% for next year. EPS is expected to grow by 24.71% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.31%.
Float and Shares Shorts:
At present, 214.90 million ARES shares are outstanding with a float of 202.28 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARES since 7 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.20286 being high and $3.9627 being low. For ARES, this leads to a yearly average estimate of $4.04275. Based on analyst estimates, the high estimate for the next quarter is $1.24 and the low estimate is $1.08. The average estimate for the next quarter is thus $1.17.
